Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2020 

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I wish you all a happy, healthy and prosperous New Year!  I have included my New Year's poem below.  I hope you enjoy it and feel free to share it as you wish!A Year of Promise  Wonder and amazement aboundThrough the air rushes the soundChurch bells ring for all to hearAs heralds of the coming ne...
12/31/2020
Mortgage backed securities (MBS) market closed up 22 basis points today at 103.94 having closed 141points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atla...
12/31/2020
 The housing sector continues to produce solid gains due in part to the ultra-low rate environment. The October S&P Case-Shiller 20-City Index rose 7.9% annually, up from a gain of 6.6% in September. And where the numbers are somewhat backward-looking, the headlines garnered attention. The Nation...
12/29/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.62 having closed 115 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atla...
12/29/2020
 Sales of new-single family houses fell in November from October due in part to affordability issues. The Census Bureau reports that New Home Sales fell 11% in November from October to an annual rate of 841,000 units. That is below the 990,000 expected. Sales were up nearly 21% from November 2019...
12/23/2020
Mortgage backed securities (MBS) market closed down 9 basis points today at 103.44 having closed 105 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid At...
12/23/2020
 The National Association of REALTORS® reports that Existing Home Sales declined 2.5% in November from October to an annual rate of 6,690,000 units versus the 6,800,000 expected. Sales were up a whopping 25.8% from a year ago (November 2019, 5,320,000). The median home sales price for all housing...
12/22/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 103.53 having closed 115 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atla...
12/22/2020
Mortgage backed securities (MBS) market closed down 3 basis points today at 103.56 having closed 121 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid At...
12/18/2020
 The housing sector continues to be a beacon of light for the U.S. economy boosted in part by low borrowing costs. The U.S. Census Bureau reports that Housing Starts rose 1.2% from October to an annual rate of 1,547,000 units versus the 1,530,000 expected. Multi-family construction rose 8% while ...
12/17/2020
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